The Pharmaceutical Market is expected to witness a healthy growth, not just in the Asia Pacific, but also globally in local markets post pandemic. Local markets across the world in pockets of India and Africa may appear to be slowing down; however, the demand for COVID-19 related medicines will continue to steadily rise. To find a solution, Pharmaceuticals & Life Sciences SME companies are looking towards technology. In fact, the demand for pharma erp software sap business one is now steadily increasing.“The global pharmaceutical manufacturing market size was valued at USD 405.52 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.34% from 2021 to 2028. – Grand View Research”
As the industry is witnessing immense growth, it is also encountering & responding to the rapid challenges rising from disruption in supply chains and the urgent need to transform their business processes. An ERP Solution like SAP Business One for SME customized for the Pharmaceuticals & Life Sciences Industry is the need of the hour.Streamline and transform your existing business processes with an easy-to-use Enterprise Resource Planning (ERP) solution SAP Business One for your growing Pharma business needs.In this article, expert consultants at VC ERP Consulting, SAP Business One Partner with 20+ years of extensive industry experience share insights on why SAP Business One is the right solution for your pharma business.
“The Pharma industry is estimated to grow at 9-11% in 2021-22 and in the next few quarters, it will be driven by domestic and emerging markets.” – ICRAPharmaceutical exports are definitely going to take the growth path as always and with the domestic markets getting moderated; the overall growth of local pharmaceutical markets in economies world over is expected to take a leap in the financial year 2022-2023.
As the industry is witnessing immense growth, it is also encountering & responding to the rapid challenges rising from disruption in supply chains and the urgent need to transform their business processes. An ERP Solution like SAP Business One for SME customized for the Pharmaceuticals & Life Sciences Industry is the need of the hour.Streamline and transform your existing business processes with an easy-to-use Enterprise Resource Planning (ERP) solution SAP Business One for your growing Pharma business needs.In this article, expert consultants at VC ERP Consulting, SAP Business One Partner with 20+ years of extensive industry experience share insights on why SAP Business One is the right solution for your pharma business.
What is SAP Business One?
SAP Business One (also known as SAP B1) is a single, affordable and comprehensive business management solution that:- Streamlines Business Processes
- Offers greater control over Business Operations
- Increases visibility in your day-to-day business activities
Why does your Growing Pharma Business need SAP Business One?
SAP Business One has proven to be the best match for the Pharmaceuticals & Life Sciences Industry. SAP Business One offers a premium ERP Experience at affordable SMB Prices to transform your pharma business. It caters to the industry-specific needs of various domains by maintaining the perfect balance between industry-specific customization and standardization of business processes.It mainly focuses on providing full automation to important business functions for your Pharma Business like Managing Finances, Purchases, Sales, Analyzing and Supervising different business protocols and helping you make informed business decisions.SAP Business One Modules
Accounting & Financials
Manage and streamline your financial operations- Automate Journal entries, accounts receivables & accounts payable
- Manage cash flow, track fixed assets, control budgets & monitor project costs
- Compare estimates vs actual Plans to get the real time insights
- Simplified management of fixed assets
- Quickly process reconciliations, bank statements & payments by checks, cash & bank transfers
- Create customized reports from real-time data for business planning & audit reviews
Sales & Customer Management
Maximize Customer Relationships- Track opportunities and activities from the first contact to deal closing
- Convert more prospects, keep customers satisfied and maximize revenue
- Create, manage, and analyze marketing activities
- store all critical customer data in one place, synchronize and manage customer contacts
- Manage warranty and service contracts efficiently
- Enter and respond to service calls quickly.
- Create detailed reports on all aspects of the sales process using time saving templates
Purchasing & Inventory Control
Manage the complete order-to-pay cycle- Streamline the procurement process right from purchase requests to paying vendors
- Manage returns, additional expenses and multiple currencies
- Maintain detailed item purchasing information with price lists and tax information
- Achieve real-time synchronization of goods receipts and inventory warehouse levels
- Easier, up-to-date integrated reporting to negotiate better deals
Production & MRP
Get accurate information about production orders- Simplify the process of Bill of Material (BOM) & manage inventory using various costing models
- Maintain item master data and use multiple units of measure and pricing
- Manage stock in multiple warehouse by setting up allocation rules
- Optimize stock movement and reduce picking times
- Issue & release production orders manually or by backflush
- Maintain prices for BOMs globally
- Generate reports with timely data and display them in various formats or dashboards
Service Management
Manage the entire customer lifecycle- Achieve superior service standards with customer warranties & service contracts administration
- Maintain customer relations by optimizing sales & service departments
- Manage service calls and provide superior customer service
Project & Resource Management
Gain clarity on ongoing projects & manage resources efficiently- Streamline multi-level complex projects
- Measure costs incurred by independent tasks & compare them with budgeted costs
- Monitor the progress of tasks, stages and sub-projects
- Analyze budget costs & utilize resources accordingly
Extend the functionality of your SAP Business One for Pharmaceuticals with Industry Add-Ons
1. Streamline Manufacturing Process with XTREME Manufacturing Add-On
At VC ERP, we have developed the Xtreme Manufacturing Add-On for SAP Business One ideal for Pharma manufacturers.- Route & measure machine-wise production & operator-wise production
- Gain real-time Insights between the planned production and actual production
- Utilize your resources efficiently with Manpower Planning functionality for every machine
- Manage the downtime of every machine ruling out any contingencies
- Get detailed information about machine costs
- Generate machine efficiency reports & stay updated about the condition of every machine
2. Organize your Production Process with XTREME C-BOM Add On
At. VC ERP Consulting Pvt. Ltd. we have created the Xtreme C-BOM add-on solution which highlights all the versions of Bill of Materials, BOM that are designed till date.- Capture all the changes that are made in all the BOM and make comparisons with past versions
- Keep a track and gain insights from past BOM for reference.
- Reduce manual work and shift the focus of your manpower to strategic tasks
3. Track your Raw Materials with XTREME Auto-Batch Manage Add On
VC ERP Consulting Pvt. Ltd. has come up with the Xtreme Auto-Batch Manage add-on designed to automate the process of batch numbers.- Reduce human error by automatically adding the batch number making the task of the employees easier
- Add the pattern of the serial number and let the add-on do the rest of the work
4. Improve Quality Control with XTREME Quality Control Add-On
SAP Business One does not have any specific functionality of Quality control so VC ERP has come up with a standard Add-One Application namely Xtreme Quality control Add-On.- Generate Individual stage QC reports in consolidated and individual format as per the requirement
- Track and get real time data for:
- Inward QC
- Pre-dispatch QC
- RE-QC
- In-Process QC
- Manage master data and get real-time insights
- Send automatic alerts to concerned departments for rejected goods
- Maintain standardization resulting in better service to the customers
- Streamline Quality Check process with less clerical errors
- Generate individual stage QC reports in consolidated and individual format as per the requirement
5. Efficiently manage your inventory with Inventory Count App
Run a streamlined and systematic Inventory management process across your pharma business with XTREME Inventory Count App for SAP Business One by VC ERP Consulting- Keep inventory levels up-to-date and accurate with this application for iOS & Android.
- Maintain a compiled data of all the inventory across locations
- Register all the items in your inventory easily
- Direct integration to all the warehouses
- Track items batch wise, distributor wise, customers wise & serial number wise for better insights
- Track misplaced or stolen items instantly
- Send misplaced items back to respective batches in the warehouses
